Baldwin Investment Management LLC Cuts Stake in RPM International Inc. (NYSE:RPM)

Baldwin Investment Management LLC decreased its position in RPM International Inc. (NYSE:RPM) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,300 shares of the specialty chemicals company’s stock after selling 100 shares during the period. Baldwin Investment Management LLC’s holdings in RPM International were worth $592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement Association of Colorado lifted its holdings in RPM International by 337.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock valued at $24,649,000 after acquiring an additional 170,369 shares during the period. Russell Investments Group Ltd. increased its position in shares of RPM International by 352.0% in the fourth quarter. Russell Investments Group Ltd. now owns 136,020 shares of the specialty chemicals company’s stock valued at $15,214,000 after buying an additional 105,925 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of RPM International by 534.7% during the 4th quarter. BNP Paribas Financial Markets now owns 61,936 shares of the specialty chemicals company’s stock worth $6,914,000 after buying an additional 52,177 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of RPM International in the 3rd quarter worth about $3,487,000. Finally, Tudor Investment Corp Et Al acquired a new stake in RPM International in the 3rd quarter valued at about $2,277,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets reduced their target price on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a report on Friday, April 5th. Mizuho increased their target price on RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. UBS Group lifted their price target on RPM International from $121.00 to $122.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Robert W. Baird increased their price objective on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.11.

RPM International Price Performance

Shares of RPM stock opened at $108.17 on Friday. The firm has a fifty day simple moving average of $111.13 and a 200-day simple moving average of $110.34. The company has a market capitalization of $13.93 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.54 and a beta of 1.03. RPM International Inc. has a twelve month low of $82.00 and a twelve month high of $120.74. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.93.

RPM International (NYSE:RPM) last released its earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. Equities research analysts anticipate that RPM International Inc. will post 4.95 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.70%. The ex-dividend date was Thursday, April 18th. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.